Electroplating Market Gaining Traction from Electronics Manufacturing Hub
Evolving and increasing applications of electroplating chemicals for decorative purposes and in metallic coatings are increasing the demand for electroplating market as per the findings of a business intelligence report published by IndustryARC. According to the report, the global electroplating market was valued at $15 billion as of 2018 and it is estimated to grow with a healthy compound annual growth rate (CAGR) of 4% during the forecast period 2019-2025.
The report is titled:
Electroplating Market: By Metal Type (Gold, silver, copper, nickel, chromium,
zinc, and others); By Application (Corrosion Protection, Decorative Coating,
Electrical applications, and others); By End Users (Automotive, electrical and
electronics, Aerospace and defence, Jewellery, Machinery parts and components,
Home appliance, and others) & Geographic Analysis - Forecast (2019-2025).”
It provides a detailed analysis of competitive structure, the market shares of
the competitors, market trends, market demands, market drivers, market
challenges, and product analysis to the key market participants with the
necessary business intelligence and help them in understanding the future of
the electroplating market.
Electroplating Market: Leading Segments
Electrical and electronics is the fastest growing application among all other electroplating applications in the electroplating market. It is evaluated to grow at a CAGR of 4% throughout the aforesaid foreseen period. India electronic market is one of the largest electronic market in the world which is projected to reach $400 billion by 2020. According to Consumer Electronics and Appliances Manufacturers Association report, Indian Consumer Electronics Industry is estimated to grow with a CAGR of 9.5% during 2015-2021. This has contributed to the expanding usage of advanced electroplating for electronic products.
Zinc, silver, nickel metal, tin, and copper are the most commonly used raw materials in the electroplating process. Asia-Pacific occupied a dominating regional share of 40% in the global electroplating market in 2018. High growth rates in the electrical and electronics industry in Asian countries namely in India, China, Japan, and South Korea are influencing the share of APAC in the global electroplating market. Worldwide increasing demand for electronic products is providing considerable opportunities for electroplating chemical manufacturers.
Electroplating Market: Growth Drivers And Disruptive Trends
Electroplating is predominantly used to enhance the resistance of any machinery or component to corrosion, in order to obtain an attractive product. It also improves the appearance of the base material as well. Improved electrical conductivity, surface uniformity, and protection against surface abrasions offered by the electroplating chemicals are the key growth driving factors of the electroplating market.
o Electroplating increase wear resistance of the substrate, build the thickness of a metal surface, prepare surfaces for superior adhesion before painting, and also helpful in reducing friction. This is the reason why Electroplating is extensively used in the electronics, automobile, jewelry, airplanes, and toys industries.
o Emerging usage of eco-friendly electroplating chemicals is decreasing the pollution and encouraging industries and consumers to maintain a clean and green environment.
o There is a growing demand for electroplating services for the electronic products, electrical devices & components manufacturers, as these electroplating techniques offer coherent coating for metal surfaces of those products.
Electroplating Market: Competitive Landscape
Some of the key companies which are operating in the global electroplating market are Allied Finsihing Inc, Atotech Deutschland GmbH, Interplex Indudtries, Kuntz Electoplating Market Inc., Peninsula Metal Finishing, Pioneer Metal Finsihing, Roy Metal Finishing, Sharretts Plating Co. Inc., J&N Metal Products LLC, and Bajaj Electroplaters.
to one of our sales representative about the full report by providing your details
in the link below:
Chloroplatinic Acid Market
Decorative Coatings Market
Ultra High Molecular Weight Polyethelene Market
What can you expect from
The electroplating market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize
the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
To request for a
proposal, provide your details in the below link:
Mr. Venkat Reddy
Or Email 2:
About IndustryARC: IndustryARC is a
Research and Consulting Firm that publishes more than 500 reports annually, in
various industries such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
and Beverages, Information Technology, and Life sciences and Healthcare.